INDEX DESCRIPTION Clausole campione

INDEX DESCRIPTION. Index name: 3X Short Index linked to DAX® (the "Factor Index") Reference Instrument: DAX® Index Calculation Agent: Bank Vontobel AG, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ Information Page: ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ and Reuters page <.CH0326601736> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. A) Index description 1. An increase in the price of the Reference Instrument (as compared to the most recent Valua- tion Price of the Reference Instrument) by 2% results in an decrease in the Factor Index by 3 x 2%; 2. A decrease in the price of the Reference Instrument (as compared to the most recent Valua- tion Price of the Reference Instrument) by 2% results in an increase in the Factor Index by 3 x 2%.

INDEX DESCRIPTION. Index name: 7X Short Index linked to DAX® (the “Factor Index”) Reference Instrument: DAX® Index Calculation Agent: Bank Vontobel AG, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ Information Page: ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ and Reuters page .CH0325363189 The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Factor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. A) Index description 1. An increase in the price of the Reference Instrument (as compared to the most recent Valuation Price of the Reference Instrument) by 2% results in an decrease in the Factor Index by 7 x 2%; 2. A decrease in the price of the Reference Instrument (as compared to the most recent Valuation Price of the Reference Instrument) by 2% results in an increase in the Factor Index by 7 x 2%.

INDEX DESCRIPTION. Index name: 7X Short Index linked to ▇▇▇▇▇ ▇▇▇▇▇ Oil Future (the "Factor Index") Reference Instrument: ▇▇▇▇▇ ▇▇▇▇▇ Oil Future Index Calculation Agent: Bank Vontobel AG, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ Information Page: ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ and Reuters page <.CH0326982367> (the latter containing index levels only) The composition and calculation of the Factor Iudex specified above is described in the following. The Iudex Calculatiou Aφeut will make an index guide available on the Iuformatiou Paφe for each Fac− tor Iudex, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Iudex. A) Index description 1. An increase in the price of the Refereuce Iustrumeut (as compared to the most recent Valua− tiou Price of the Refereuce Iustrumeut) by 2% results in an decrease in the Factor Iudex by 7 x 2%; 2. A decrease in the price of the Refereuce Iustrumeut (as compared to the most recent Valua− tiou Price of the Refereuce Iustrumeut) by 2% results in an increase in the Factor Iudex by 7 x 2%.

INDEX DESCRIPTION. Index name: 5X Short Index linked to WTI Light Sweet Crude Oil Future (the "Factor Index") Reference Instrument: WTI Light Sweet Crude Oil Future Index Calculation Agent: Bank Vontobel AG, Gott▇▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ormation Page: ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ and Reuters page <.CH0327141377> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. A) Index description 1. An increase in the price of the Reference Instrument (as compared to the most recent Valua- tion Price of the Reference Instrument) by 2% results in an decrease in the Factor Index by 5 x 2%; 2. A decrease in the price of the Reference Instrument (as compared to the most recent Valua- tion Price of the Reference Instrument) by 2% results in an increase in the Factor Index by 5 x 2%.

INDEX DESCRIPTION. As a member of the STOXX® family, the EURO STOXX 50® Index represents the performance of 50 companies representing the market sector leaders in the Eurozone. The following countries are included: ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ and Spain. Price and total return values are calculated for the Index which is denominated in both Euros and US Dollars. Like all STOXX® Indices, it is a free float market capitalisation weighted index which captures around 60 % of the underlying market capitalisation of the EURO STOXX® Total Market Index. Component weightings are based on the number of free float shares; i.e. those shares that are available for trading4.

INDEX DESCRIPTION. Index name: 7X Short Index linked to Natural Gas (▇▇▇▇▇ ▇▇▇) Future (the "Factor In- dex")